Mobile Payment Platform for On-Palm Payment Solution on Android Terminals Instant Payment
Benefits of Mobile Payment
1. More foot traffic
A simplified payment platform that accepts mobile payments may increase foot traffic to your business. Many people’s ideal payment method is mobile contactless payment, due to speed, convenience, and security. And perhaps as a result, consumers may actively seek out businesses that accept the technology.
2. More sales
Not only do mobile payment users frequent mobile-payments-enabled businesses, they may spend more once they get there.
3. More tips
Mobile payments users may be more generous with gratuity due to the ease of payment. Data shows that US customers who used their NFC device tipped more than customers who used traditional magstripe cards.
4. Improved customer experience
Waiting in slow lines is consumers’ number one frustration with shopping in stores. A key benefit of contactless payment by mobile phone is that it’s fast — far faster than both magstripe and chip cards. A speedy line and checkout process make for a much better customer experience.
5. Enhanced security
Protected by cryptograms and sophisticated tokenization methods, mobile payments are the most secure form of payment. Consumers can also activate fingerprint and Face ID technology in most mobile payment solutions. Accepting mobile payments at your business means you’re accepting the safest way for customers to pay.
6. Attract millennial customers
A survey found that, in 2019, 41 percent of young millennials ages 18–26 switched to mobile payments, up from 32 percent in 2018. It also reported that 38 percent of senior millennials ages 27–37 switched to mobile payment, up from 24 percent in 2018. Businesses should take note and provide the mobile contactless payment experience that this generation will soon come to expect.
Company Information:
Wisecard (a WiseGroup company) is a global solution provider that has been providing innovative payment and secure solutions to financial institutions, government entities and telco operators worldwide.
Wisecard have been providing EMV smart card, EMV biometric card, EMV perso software, card issuance, EMV embossers, Smart POS machine, Android POS, POS terminals, smart banking, smart teller machine, kiosk, vending machine, biometric POS, Hardware Secure Module, mobile payment platform, private label card solution, prepaid card solution, card management system to partners in more than 60 countries worldwide. Wisecard’s product suite empower large global financial institutions and government sectors as well as small to medium sized retail banks.
Wisecard solutions are adapting to the highest and latest secure standard, and the solutions have been fully tested and certified by international test labs, like FBI, STQC, EMV, PCI DSS, PA DSS, VISA, MasterCard, China UnionPay, JCB, AmEx, Discover, RuPay and etc.
Notes: FBI, STQC, EMV, PCIDSS, PADSS, Visa, MasterCard, China UnionPay, JCB, AmEx, Discover, RuPay is a registered trademark. All trademarks referenced here are the property of the respective owners.
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